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The Kobeissi Letter
The Kobeissi Letter|Apr 03, 2025 12:44
Government Responses to US Tariffs, So Far: 1. European Union: Retaliatory measures being "prepared" 2. China: Urges the US to "immediately" cancel reciprocal tariffs or they will take "counter-measures" 3. Germany: Calls on EU to pressure President Trump 4. Japan: Says tariffs are "regrettable" and seeks exemption 5. Canada: Preparing countermeasures to existing tariffs 6. Mexico: Plans a broader response as soon as April 3rd 7. South Korea: Begins emergency support for impacted industries 8. UK: Attempting to reach a trade deal with the US keeping "options open" 9. Brazil: Considering going to WTO, evaluating potential responses Reciprocal tariffs on reciprocal tariffs will begin today.
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Timeline

May 03, 06:55【UK financial regulatory authorities prohibit retail investors from using borrowed funds to invest in cryptocurrency】
May 03, 05:25【The UK will launch a plan to recruit global research talent】
May 03, 00:51【KuCoin is planning to return to the Korean market】
May 03, 00:39【Negative GDP growth in the first quarter of the United States and draft regulation on cryptocurrency assets】
May 02, 23:30【UK considers banning the use of credit to purchase encryption】
May 02, 23:09【TEMU will purchase and export goods from the United States instead of China】
May 02, 23:08【TEMU will directly purchase and transport products from the United States】
May 02, 22:37【Legislators urge SEC to delist companies such as Alibaba】
May 02, 21:33【US lawmakers urge SEC to delist Alibaba】
May 02, 18:41【UK regulators block crypto customers from borrowing to buy Bitcoin】

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